- Today 18:30
JP Morgan's European head, Viswas Raghavan, said the Middle East is enjoying a "golden age" as global tensions drive money and talent to the region.
Speaking in an interview with Bloomberg TV, Raghavan said that there has been a jump in deal making and capital market opportunities in many countries in the past few quarters.
He added that most of the Middle East oil countries are in a very good position, whether to attract money managers and hedge funds, or also to their local economies, which have become dominant. This is a golden age for Middle Eastern companies and the Middle East in general. "I think it's here to stay."
Raghavan, who is CEO of JP Morgan in Europe, the Middle East and Africa, said that the global outlook for investment banking shows “some green shoots”, especially in the technology space, although the number of opportunities is not yet a flood.” He added that it is expected Total banking fees across the industry will reach $65 billion this year, compared to a typical year of about $80 billion.End/25S
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